Kingfisher plc today announces that Euan Sutherland is to resign from the Board and leave the business in March 2013 to become Group CEO of The Co-operative Group, where he has been a non-executive director of the Co-op’s food business since 2010. Mr Sutherland will remain in his current role at Kingfisher until this time allowing an extensive handover of his responsibilities, further details of which will be announced in due course.
Ian Cheshire, Kingfisher’s Group Chief Executive, said: “I would like to thank Euan for his contribution to Kingfisher over the last four and a half years. He has played an important part in the successful development of the Group and I wish him well in his new role.
“A key element of our success in recent years has been bringing together our international teams and harnessing their talent to work on common goals. As a result, Kingfisher today has great strength and depth in its management and I will personally be involved in the transition as Euan’s responsibilities are handed over. I look forward to working closely with our management teams as we continue with our ‘Creating the Leader’ strategy.”
Notes to Editors
Euan Sutherland joined Kingfisher in 2008 as CEO, Kingfisher UK & Ireland. He was appointed Group Chief Operating Officer in February 2012 and joined the Kingfisher main board in October 2012.
Kingfisher plc is Europe’s leading home improvement retail group and the third largest in the world, with over 1,000 stores in eight countries in Europe and Asia. Its main retail brands are B&Q, Castorama, Brico Dépôt and Screwfix. Kingfisher also has a 50% joint venture business in Turkey with Koç Group, and a 21% interest in, and strategic alliance with Hornbach, Germany’s leading large format DIY retailer.
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